⸺ Obituary · November 7, 2017 ⸺
“Bitcoin Has No Future Because Of Its Anonymity, SocGen CEO Says”
— CNBC, Frederic Oudea
“I can’t see a future of this when I see the attention played by all governments and regulators on anti-money laundering, on anti-tax evasion, on anti-terrorism financing. The anonymity of the transaction is a problem I think which would put pressure on bitcoin.”
Price at death
$7,119
Today
$73,525
Resurrection
×10.3
On 2017-11-07, Frederic Oudea (President, European Banking Federation) declared Bitcoin dead via CNBC. Bitcoin was trading at ~$7,119 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 7, 2017, when one Bitcoin traded for approximately $7,119. Since then, Bitcoin has appreciated by 10.3× relative to the price on the day CNBC pronounced it finished.